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Stock Market & Financial Investment News

News Breaks
July 7, 2014
08:04 EDTDSXDiana Shipping announces time charter contract for m/v G.P. Zafirakis with RWE
Diana Shipping announced that, through a separate wholly owned subsidiary, it entered into a time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Capesize dry bulk vessels, "Hull No. BC18.0-50". The gross charter rate is $25,250 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen months to maximum twenty-two months. The charter is expected to commence upon delivery of the vessel to the company. As previously announced on June 27, the m/v G. P. Zafirakis is a 2014 built Capesize dry bulk vessel of approximately 180,000 dwt that the company entered into an agreement to purchase in June 2014. The vessel is now expected to be delivered to the company by the sellers by early August 2014. This employment is anticipated to generate approximately $13.6M of gross revenue for the minimum scheduled period of the time charter.
News For DSX From The Last 14 Days
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May 6, 2015
08:44 EDTDSXDiana Shipping announces time charter for m/v Alcmene with ADM
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April 28, 2015
07:38 EDTDSXDiana Shipping acquires Kamsarmax dry bulk vessel
Diana Shipping announced that on April 27, it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from an unaffiliated third party the m/v Torm Island, a 2010 built Kamsarmax dry bulk vessel of 82,194 dwt, for a purchase price of $18.05M. The vessel is expected to be delivered to the buyer during the second quarter of 2015. The company also announced that it signed, through a separate wholly-owned subsidiary, an agreement to acquire from an different unaffiliated third party a new-building Capesize dry bulk vessel of approximately 180,000 dwt, being built by Shanghai Waigaoqiao Shipbuilding Co., Ltd., for a purchase price of $43M The vessel, "Hull No. H136, is expected to be delivered to the buyer during August 2015. The second transaction is subject to final negotiation and execution of a novation agreement among the builders, the buyer and the seller.

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